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Avoiding a cryptocurrency scam

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Yesterday some high-profile people had their Twitter accounts hacked by scammers who sent out fake tweets asking followers to send money using Bitcoin – a type of cryptocurrency or digital money.

Cryptocurrency scams are now a popular way for scammers to trick people into sending money. And they pop up in many ways. Most crypto scams can appear as emails trying to blackmail someone, online chain referral schemes, or bogus investment and business opportunities. But here’s what they all have in commonand what they have in common with yesterday’s Twitter hacks: A scammer wants you to send money, or make a payment, with Bitcoin or another type of cryptocurrency. Once you do, your money is gone, and there’s generally no way to get it back.

So if you see a tweet (or a text, email, or other message on social media) that tells you to pay with Bitcoin, you know that’s a scam. Other signs that something’s a scam? They might guarantee that you’ll make money (those guarantees are false); promise that you’ll double your money quickly (again, that’s always a fake promise); or say you’ll get free money in dollars or cryptocurrency (free money? Nope, not ever). 

If you spot a cryptocurrency scam, report it immediately to the FTC at ftc.gov/complaint. For more information, check out What To Know About Cryptocurrency.

Comments

I don't believe in everything I read, or hear. If I think it's a scam, it
probably is 99% of the time. I hear a lot on television about scams
going on, during this (COVID-19) year. Where people have loss their
jobs, due to this affect. And having a hand time trying to get unem-
plyment due to it. THANKS AGAIN! for posting this.

I was scammed by an instagram person faking a celebrity i talked with this scammer 8 months via WhatsApp and I sent money to them via paypal then I was cohearsed to give my banking login and from there they hustled me out of my 13k from the unemployment money they said oh i routed money to your account and never gave me time to verify that was my unemoyment money. They where really patient with me and waitied 8 months for my payment then i exposed them...by video on whatsapp. They asked me to bitcoin the money via atm.

Spam wallet # asking for bitcoin to receive a federal grant of 3 million USD 38a9jUZisTHnAphTsGp1RRxGh2M6wgzPX6

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